Diamonds and Dogs
Navistar (NAV) roaring like a lion. The truck and bus maker's stock is up 9% to new highs following blow out earnings. Navistar reported $135 million net income or $1.36 beating estimates of 67 cents a share. Revenue rose 26% to $2.60 billion, beating consensus of $2.30 billion, boosted by 31% growth in Class 6-8 trucks and buses in the U.S. and Canada. Management is saying 2018 is shaping up to be one of the strongest industry years this decade. Good news heading into year-end.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.